Noble Corp plc
For the period ended Mar 31, 2024. Filed May 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
| ☑ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|
For the quarterly period ended: March 31, 2024
OR
| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|
For the transition period from to
Commission file number:001-41520
Noble Corporation plc
(Exact name of registrant as specified in its charter)
| England and Wales | 98-1644664 |
|---|---|
| (State or other jurisdiction of incorporation or organization) | (I.R.S. employer identification number) |
13135 Dairy Ashford, Suite 800, Sugar Land, Texas,77478
(Address of principal executive offices) (Zip Code)
Registrant’s Telephone Number, Including Area Code:(281) 276-6100
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| A Ordinary Shares, par value $0.00001 per share | NE | New York Stock Exchange |
| Tranche 1 Warrants of Noble Corporation plc | NE WS | New York Stock Exchange |
| Tranche 2 Warrants of Noble Corporation plc | NE WSA | New York Stock Exchange |
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑No☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑No☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer | ☑ | Accelerated filer | ☐ |
|---|---|---|---|
| Non-accelerated filer | ☐ | Smaller reporting company | ☐ |
| Emerging growth company | ☐ | ||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ No☑
Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes☑ No ☐
Number of shares outstanding at May 3, 2024: Noble Corporation plc -142,820,806
TABLE OF CONTENTS
| Page | ||
|---|---|---|
| PART I · FINANCIAL INFORMATION | ||
| Item 1 · Financial Statements (Unaudited) | ||
| Condensed Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023 | 3 | |
| Condensed Consolidated Statements of Operations for the three months ended March 31, 2024 and 2023 | 4 | |
| Condensed Consolidated Statements of Comprehensive Income (Loss) for the three months ended March 31, 2024 and 2023 | 5 | |
| Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2024 and 2023 | 6 | |
| Condensed Consolidated Statements of Equity for the three months ended March 31, 2024 and 2023 | 7 | |
| Notes to Unaudited Condensed Consolidated Financial Statements | 9 | |
| Item 2 | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 19 |
| Item 3 | Quantitative and Qualitative Disclosures about Market Risk | 29 |
| Item 4 | Controls and Procedures | 29 |
| PART II | OTHER INFORMATION | |
| Item 1 | Legal Proceedings | 31 |
| Item 1A | Risk Factors | 31 |
| Item 2 | Unregistered Sales of Equity Securities and Use of Proceeds | 31 |
| Item 5 | Other Information | 32 |
| Item 6 | Exhibits | 32 |
| Index to Exhibits | 33 | |
| SIGNATURES | 34 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.